Volatility in the corporate markets could not keep the asset-backed pipeline closed last week, as about $9 billion in ABS issuance was brought to term.

"Given all the volatility we've had in the corporate sector, where essentially s we had trouble in the equity markets yesterday, saw a dramatic sell off in corporates ... We have seen very little softening, certainly in the triple-A level in asset-backeds," said an ABS trader.

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